Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
15 Apr 2014
Hongkong International Terminals (HIT) said port operators, contractors and workers — who have reached a settlement in wage negotiations that will give dockworkers a potential increase of 10.1 percent — were “all in the same boat” and would have to work together if the port was to remain competitive.
13 Apr 2014
The Hong Kong port faces challenges on several fronts.
09 Apr 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat in the week of April 9, remaining at its lowest level since December 2013 at $1,836 per 40-foot container.
09 Apr 2014
Despite growing concerns about tight supplies and rising prices, U.S. red meat exports performed well in February...
08 Apr 2014
Contracted dockworkers at Hong Kong’s Kwai Chung Container Terminals have been told they will receive a 12 percent pay increase, but after last year’s successful strike...
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
07 Apr 2014
The Marine Department is waiting for the owners of the Hansa Constitution, which ran aground on the south side of Hong Kong island yesterday, to make a decision on how the vessel’s cargo of containers will be removed.
06 Apr 2014
The German-flagged container ship Hansa Constitution veered off course in the busy Lamma Channel off Hong Kong and ran aground on Sunday afternoon.
02 Apr 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell $50 to $1,836 per 40-foot container in the week of April 2, its lowest level in the last 14 weeks.
27 Mar 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell $100 from last week to $1,886 per 40-foot container in the week of March 26...